A study by Forvis Mazars in France previewed in Les Echos this week reveals the extent of entre-soi within French Tech.
🤔 And yet, relevant diversity on “boards” is essential to combat the cognitive biases, which affect each and every one of us. Without this diversity, we increase the risk of blind spots in strategic analysis, risk management and decision-making.
❌ A board made up of members who are too similar risks amplifying existing biases, increasing risks for the company and all its stakeholders, including shareholders.
💡 Shareholders and LPs [investors in VC funds], it's in your interest to ensure that the boards of funds and startups incorporate diversity that promotes more effective governance and better risk management.
📈 Ultimately, this contributes to the long-term performance of your investments--and to a better functioning economy and society.
The full study is available here :